Friday, October 28, 2005

 

November 2005 News

Dues have increased effective November 1, 2005, to $365 per unit per month. If you have auto transfer, the billing amount will change automatically.

Your monthly statement mailer included a copy of the flood insurance policy for your building. Your mortgage lender may request a copy of this policy. If another copy is needed, there will be a $5 charge.

Mission Palo Alto HOA board meeting for November 2005:
Wednesday, November 12, at 7:00 PM
112 Mission Drive

Wednesday, October 19, 2005

 

Prices up, sales down -- Kelly Zito, San Francisco Chronicle

Prices up, sales down / Median in Bay Area rises 19% over last September: "Bay Area home prices jumped nearly 19 percent on a year-over-year basis in September, but there is some evidence -- including a continuing decline in the number of homes sold -- that the housing market is moderating.

The median price for an existing, single-family home in the nine-county region was $646,000 last month, 18.8 percent above the year-ago level, but down 0.5 percent from $651,000 in August, according to a report issued Tuesday by La Jolla real estate information firm DataQuick."

 

Bush's tax panel would limit break for homeowners -- Kathleen Pender, San Francisco Chronicle

Bush's tax panel would limit break for homeowners / Dems complain plan would hit California, other blue states hard: "A tax reform proposal agreed upon Tuesday by President Bush's advisory panel would eliminate the federal deduction for state and local taxes and sharply limit the tax break for home mortgage interest.

That's leading some Democrats in California and New York to assail it as an attack on the blue states -- the ones that voted Democratic in the 2004 presidential election -- which tend to have higher taxes and housing costs."

Friday, October 14, 2005

 

Mortgage Rates Are on the Rise -- Associated Press

Mortgage Rates Are on the Rise: "Americans may have seen the last of long-term mortgage rates below 6 percent, and borrowing costs for home buyers likely will climb further, slowing frenetic demand that has stoked U.S. housing in recent years.

Realtors have spotted a drop in the appetite for housing in recent months, and a survey of lenders from Freddie Mac on Thursday found that rates for 30-year mortgages — a popular home loan — have crested 6 percent for the first time since March."

Monday, October 10, 2005

 

October 2005 News

Mission Palo Alto HOA board meeting for October 2005:
112 Mission Drive
Wednesday, October 12, 2005, at 7:00 PM

Check your monthly statement for an enclosure letter detailing the $10 monthly dues increase. As of November 1, 2005, HOA dues are $365.00 per month.